26 Hemlock Terrace Dr · Silver Springs Shores, FL 34472

$239,500

3 bd · 2.0 ba · 1,246 sqft · SingleFamily public records · 134 Days on market

Built 2003 10,019 sqft lot Est $221k · 9% over

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Why this score? — see what drove the D- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +8.3/30.0
• Appreciation +8.0/10.0
• ARV discount +3.6/15.0
• Schools +3.6/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.3/10.0
• DSCR +2.3/10.0

Listing remarks

Under contract-accepting backup offers. Your Private Retreat in Silver Springs Shores – Adventure Right Outside Your Door! Step into your own peaceful backyard oasis: a large fenced yard shaded by beautiful oaks, perfect for relaxation, barbecues, or enjoying Florida's natural charm. This home shines with an expansive four-season lanai (your all-weather outdoor haven!) plus a cozy screened porch—ideal for bug-free lounging and entertaining. Just under a mile from entrances to the Marjorie Harris Carr Cross Florida Greenway—with 300+ miles of trails for biking, hiking, and disc golf. And it's not far to Silver Springs State Park for unforgettable kayaking on the pristine S

Key facts

• Wide pantry
• Inside laundry room
• Huge 4 season lanai

Tags

• LARGE FENCED BACK YARD
• HUGE 4 SEASON LANAI
• SCREEN PORCH
• WIDE PANTRY
• INSIDE LAUNDRY ROOM
• EXTRA SPACE IN GARAGE

Property features AI

Finance

• Financial info: No lease restrictions reported
• HOA & community: No HOA association reported; Pets allowed

Exterior

• Parking: Oversized garage; 22 garage spaces; Attached garage
• Utilities: Well water; Septic tank; Broadband/high-speed internet available; One well; One septic
• Home design: Single family residence; One story; East-facing; Completed condition; Homestead exempt
• Construction: Block and stucco construction; Shingle roof; Slab foundation; Built on one level
• Exterior features: Covered, enclosed, screened rear porch; Private mailbox; Exterior lighting; Vinyl fencing; Mature landscaping; Cleared, level lot; Paved, public maintained road; Asphalt road surface

Interior

• Kitchen: Dishwasher; Range; Microwave; Refrigerator; Ice maker; Electric water heater
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Ceramic tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Electric heating; Heat pump; Central air conditioning
• Interior features: Living room/dining room combo; Split bedroom floorplan; Walk-in closet(s); Window treatments; Blinds
• Laundry & utility: Inside laundry room; Electric dryer hookup; Inside utility; Florida room

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $240k.

Deal economics

• At list price, monthly cash flow is $-218 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $201k (16.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $175k (26.8% below list).
• Recommended offer: $175k (26.8% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 68/100 on livability (#527 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A-; Watch: crime C-, employment D, amenities F.
• Marion (rural): math 42% / reading 43% proficiency, ranked #61 of 73 in FL (top 84%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 61% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Greenway Elementary School (math 33% / reading 35%, grade F, #1,744 of 2,144 statewide, top 82%, 736 students, 67% FRL); Fort King Middle School (math 37% / reading 35%, grade F, #410 of 571 statewide, top 72%, 1,092 students, 71% FRL); Forest High School (math 36% / reading 54%, grade D-, #228 of 667 statewide, top 35%, 2,325 students, 42% FRL) — zoned schools at 60% FRL track the district average.
• Market conditions: Rents flat; 683 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 7,071 units permitted in Marion County in 2024 (534 in 5+ unit buildings).
• This rent runs 33% of the median local income ($64k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $16k of equity ($2k loan paydown + $14k appreciation (5.9% local appreciation)).
• Marion County population projected at +13% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• By year 3, paydown + projected appreciation supports a ~$39k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 134 days — a 12% lower offer ($211k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 2y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $175,289 (26.8% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 134 days. Have you received any prior offers? Is the seller open to a 27% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.73% ✗
• Cap rate: 5.20%
• Cash-on-cash: -3.90%
• DSCR: 0.83
• GRM: 11.4

CMA / ARV

• ARV (on-the-fly): $220,542
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
81 Pecan Dr	0.36mi	2/2.0 (-1)	1,278 (+3%)	1mo	$215,000	$168	73
9 Hemlock Terrace Pass	0.13mi	3/2.0	1,153 (-8%)	13mo	$243,000	$211	71
6 Pecan Run Pl	0.39mi	3/2.0	1,320 (+6%)	6mo	$220,000	$167	67
1 Hemlock Terrace Trak	0.32mi	3/2.0	1,326 (+6%)	14mo	$255,000	$192	62
7 Pecan Course Trce	0.44mi	3/2.0	1,330 (+7%)	7mo	$228,000	$171	62
28 Pecan Course Loop	0.41mi	3/2.0	1,332 (+7%)	9mo	$250,000	$188	62
5524 Pecan Rd	0.58mi	3/2.0	1,326 (+6%)	10mo	$235,000	$177	54
156 Pecan Dr	0.57mi	3/2.0	1,390 (+12%)	5mo	$250,000	$180	50
5425 Pecan Rd	0.57mi	3/2.0	1,357 (+9%)	11mo	$240,000	$177	49
5545 SE 70th Ave	0.73mi	3/2.0	1,380 (+11%)	3mo	$244,800	$177	46
18 Pine Court Loop	0.75mi	3/2.0	1,091 (-12%)	6mo	$235,000	$215	39
131 Pecan Pass	0.66mi	3/2.0	1,421 (+14%)	12mo	$245,000	$172	36

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

5.93% appreciation · 0.17% rent growth · sell at horizon

5-year hold

• IRR: 11.0%
• Equity multiple: 1.74×
• Total profit: $49,464
• Equity at exit: $149,540

10-year hold

• IRR: 11.3%
• Equity multiple: 3.20×
• Total profit: $147,821
• Equity at exit: $270,307

Cash invested: $67,060 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 34472

• Home prices YoY: 2.4%
• Rents YoY: 0.2%
• Active inventory: 683
• Price-to-rent: 11.4×

Monthly cashflow live

• Estimated rent: $1,753 high
• Mortgage (P&I): −$1,256
• Tax from tax record: −$247 /mo · $2,961/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$368
• Net cashflow: $-218

Break-even live

Break-even rent $2,028

Max offer price $201,039

Occupancy floor —

Sensitivity live

Price	-10% $-82	-5% $-150	+0% $-218	+5% $-286	+10% $-353
Rent	-10% $-356	-5% $-287	+0% $-218	+5% $-148	+10% $-79
Rate	-1.0pp $-97	-0.5pp $-157	base $-218	+0.5pp $-280	+1.0pp $-343

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $59,875
• Closing costs: $7,185
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
13 Redwood Trace Ln Ocala, FL	3.0	2.0	1337	$1,595	$1.19	23d	1	0.26mi
45 Redwood Run Ocala, FL	3.0	2.0	1435	$1,695	$1.18	23d	1	0.60mi
5614 Pecan Rd Ocala, FL	3.0	2.0	1337	$1,595	$1.19	23d	1	0.63mi
19 Pecan Pass Ter Ocala, FL	3.0	2.0	1368	$1,750	$1.28	23d	1	0.76mi
7044 Hemlock Crse Ocala, FL	3.0	2.0	1270	$1,897	$1.49	15d	1	0.83mi
36 Pecan Run Crse Ocala, FL	3.0	2.0	1188	$1,850	$1.56	15d	1	0.96mi
96 Redwood Rd Ocala, FL	3.0	2.0	1188	$1,650	$1.39	15d	1	0.98mi
106 Redwood Track Crse Ocala, FL	3.0	2.0	1412	$1,675	$1.19	15d	1	1.02mi
492 Hickory Course Loop Ocala, FL	4.0	2.0	1483	$1,750	$1.18	23d	1	1.09mi
7215 Midway Ter Ocala, FL	2.0	2.0	975	$1,175	$1.21	23d	1	1.18mi
98 Dogwood Drive Cir Ocala, FL	3.0	2.0	1337	$1,695	$1.27	23d	1	1.22mi
9 Dogwood Trail Dr Ocala, FL	3.0	2.0	1110	$1,595	$1.44	23d	1	1.27mi
308 Hickory Course Radl Ocala, FL	3.0	2.0	1397	$1,650	$1.18	23d	1	1.36mi
6 Cedar Dr Ocala, FL	3.0	2.0	1477	$1,675	$1.13	23d	1	1.41mi
9 Banyan Course Run Ocala, FL	3.0	2.0	1345	$1,599	$1.19	23d	1	1.49mi

Listing history 16 events

1. 2026-05-05
   status Pending
2. 2026-04-07
   price $239,500
3. 2026-02-02
   price $244,000
4. 2025-12-21
   listed $250,000 Active
5. 2025-12-19
   historical
6. 2025-11-11
   price $245,900
7. 2025-08-23
   price $249,500
8. 2025-07-23
   price $259,000
9. 2025-06-19
   listed $265,000 Active
10. 2025-05-01
    price $265,000
11. 2024-07-01
    soldstatus $235,000 Closed
12. 2024-05-31
    status Pending
13. 2024-05-25
    status Active
14. 2024-05-16
    status Pending
15. 2024-05-04
    listed $237,000 Active
16. 2004-01-08
    soldstatus $96,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $2,961 · $247/mo
• Projected year-2 tax: $2,961 · $247/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 21 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,035
• − Mortgage interest: −$13,416
• − Property taxes: −$2,961
• − Insurance: −$1,198
• − Repairs & maintenance: −$1,683
• − Management: −$1,683
• − Depreciation: −$6,967
• Taxable loss: −$6,872
• Est. tax savings @ 24.0%: +$1,649
• After-tax cash flow: $-963/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Marion
• NCES district ID: 1201260
• Math proficiency: 42% ▼ -7.00%
• Reading proficiency: 43% ▼ -4.00%
• Median HH income: $40,015
• Composite: 35.61/100
• National rank: #4890
• State rank: #61 of 73 in FL

Livability — Silver Springs Shores

• Score: 68/100
• State rank: #527
• US rank: #9854

Category grades

Amenities F Commute F Cost of living A+ Crime C- Employment D Housing A+ Health & safety A- User ratings A-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Silver Springs Shores, FL
• County: Marion County · 315,796 people
• City population: 34,665
• Metro: Ocala, FL
• Population (ZIP): 35,851
• Household income: $64,208
• Rent vs Own: 19.9% rent · 80.1% own
• Severe rent burden: 655.0

Population outlook (Marion County) Hauer SSP2

• Today (2025): 365,905 people
• By 2030: 376,768 · +3.0%
• By 2040: 396,555 · +8.4%
• By 2050: 412,723 · +12.8%
• By 2075: 446,090 · +21.9%
• By 2100: 436,193 · +19.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.65)
• Race & ethnicity: White 50% Hispanic / Latino 25% Black 21% Two or more races 18% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 14% Cuban 3%
• Common ancestry: Romanian 2% Iranian 1% Lithuanian 1%
• Foreign-born: 11% · Canada, Jamaica, China
• Languages at home: 78% English-only · Spanish 19% Other Indo-European 1%

Political lean MEDSL · Marion

• 2024 margin: Solid R (+31.6) · D 33.8% · R 65.5%
• 2008→2024 swing: -20.0pp toward R · 2008: -11.6pp · 2024: -31.6pp
• All cycles: 2024: R+31.6 2020: R+25.9 2016: R+26.2 2012: R+16.2 2008: R+11.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 5.93%
• Current HPI: 255.0714
• Rent YoY: ▲ 0.17%
• Metro: Ocala, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+149.5% since first listed

16 events — show timeline

• 2026-05-05 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-07 Price Changed $239,500 Stellar MLS as Distributed by MLS Grid
• 2026-02-02 Price Changed $244,000 Stellar MLS as Distributed by MLS Grid
• 2025-12-21 Listed $250,000 Stellar MLS as Distributed by MLS Grid
• 2025-12-19 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-11-11 Price Changed $245,900 Stellar MLS as Distributed by MLS Grid
• 2025-08-23 Price Changed $249,500 Stellar MLS as Distributed by MLS Grid
• 2025-07-23 Price Changed $259,000 Stellar MLS as Distributed by MLS Grid
• 2025-06-19 Listed $265,000 Stellar MLS as Distributed by MLS Grid
• 2025-05-01 Price Changed $265,000 FSBO.com
• 2024-07-01 Sold (MLS) $235,000 Stellar MLS as Distributed by MLS Grid
• 2024-05-31 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-05-25 Relisted — Stellar MLS as Distributed by MLS Grid
• 2024-05-16 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-05-04 Listed $237,000 Stellar MLS as Distributed by MLS Grid
• 2004-01-08 Sold (Public Records) $96,000 Public Records

Property tax history

+11.0%/yr

Latest (2025): $2,961 · +91.4% YoY. Source: county tax records.